If you were in an entrepreneurship class and a successful millionaire asked you whether you want to be a samurai, being truly free to execute on your dreams and achieve greatness, or to pick rice all day and only make a small part of someone else’s dream come true, what would you choose?

This is the opening question of Jason Calacanis, TechCrunch 50 co-founder and CEO of Mahalo, to a class of 50 Penn State University students when prompted unprepared to talk on entrepreneurship.

Jedi Knight or Drone?

… I train people to be Jedi Knights. I need my light sabre. Emily, get my light sabre please.

Jason Calacanis annoyed me when I first started watching his video podcast This Week In Startups. He seemed too self-absorbed and often spoke over his guests, telling his own story of succerss and sharing his own thoughts more than letting his guests speak.

But after watching for a while I’ve warmed to him. He is a bit grating sometimes but it’s his shoot-from-the-hip style that ultimately endears him.

This 30 minute bonus episode is the best one yet, not to mention the shortest. Jason covers the ups and downs of his past startups including weblogs inc, publishers of engadget and joystiq which he sold to AOL for a rumored 30 megabux.

Actually, though it is a little rough and unrehearsed, it’s pretty inspiring!